help book Rich Dad Poor Dad Robert Kiyosaki says he is $1.2 billion in debt
Personal finance author Robert Kiyosaki has revealed he holds $1.2 billion in debt, framing it as a strategic tool for wealth creation through real estate. His business partner clarified that the debt is tied to shared assets rather than personal liability.
Why it matters
The story challenges conventional views on personal debt and highlights how high-net-worth individuals utilize leverage for tax and investment purposes.
Robert Kiyosaki says his massive debt is part of his wealth strategy. Photo / Getty Images
For decades, millions have followed the personal finance advice Robert Kiyosaki penned in his bestseller Rich Dad Poor Dad , believing it would lead them to wealth.
Now, the personal finance self-help guru has claimed he is US$1.2 billion ($2.04 billion) in debt.
Kiyosaki, 79, amassed the debt through real estate investments.
In a June interview with the Get Rich Education podcast, the personal finance guru argued his massive debt is part of his wider wealthy strategy, and people should learn how to use debt to their advantage.
“So, I’m a billion two in debt,” he said. He added that people “should not do what I do, right? But I studied it since 1974…“
“If you’re going to learn to use debt, you’d better take some education.”
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